AFLAC INC (AFL) Stock Technical Analysis
USA - NYSE:AFL - US0010551028 - Common Stock
Taking everything into account, AFL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AFL is only an average performer.
Besides having an excellent technical rating, AFL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 110.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 108.25, a Stop Loss order could be placed below this zone.
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97.11
When analyzing the support we can see 4 important areas.
- A support zone ranging from 105.89 to 108.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 103.66 to 104.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 100.00 to 100.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 98.09 to 98.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @110.14 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFL is up. |
| ChartMill Relative Strength | 44.64 | NEUTRAL | AFL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AFL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.58 | NEUTRAL | The RSI value for AFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AFL has a positive trend. |
| Stochastics (14,3) | 83.43 | OVERBOUGHT | The high Stochastics value suggests AFL may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for AFL suggests low volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for AFL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 110.15 | 105.88 | 4.27 (3.88%) | 25.00% |
| An entry @110.15. This is a Buy Stop order right above the resistance zone. | An exit @105.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.27 points, which is 3.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
108.41
-0.72 (-0.66%)